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    Tag: Sulphuric Acid

    Market Outlook

    • CRU’s latest global sulphur forecast is for a January price peak before a decline, with the key downside risk being a sharper correction if the supply deficit closes faster than expected. The global sulphur market’s upward momentum has been slowing, with attention shifting to geopolitical risks in Iran. Despite limited physical disruption being reported, the upside risk to prices could be substantial. Following the US bombing of an Iranian nuclear facility back in June, supply from Iran became bottlenecked, despite good production levels, as vessel owners became unwilling to call at ports like Bandar Abbas due to the increased risk.

    Approval for phosphate expansion

    Madhya Bharat Agro Products has announced board approval for a major capacity expansion at its Dhule manufacturing facility. The expansion represents a comprehensive enhancement of the company's fertilizer production capabilities, including 330,000 t/a of diammonium phosphate and NPK fertilizer, a 66,000 t/a phosphoric acid plant, and a 396,000 t/a sulphuric acid plant. The expansion plan is part of a strategy of vertical integration in fertilizer production. The addition of phosphoric acid and sulphuric acid production capabilities will support the primary DAP/NPK manufacturing operations, creating operational synergies and potentially reducing input costs, according to the company.